T. Rowe Price’s 2025 DC Consultant Study highlights a clear trend in workplace retirement plans: the conversation is moving beyond accumulation and toward retirement income outcomes. Consultants are paying closer attention to how target date solutions support the transition into retirement, where personalization is increasingly needed, and which tools help manage volatility when withdrawals begin. The study also reflects ongoing interest in managed accounts as a way to tailor planning to individual needs rather than relying solely on one-size-fits-all defaults. For retirees and near-retirees, the implication is straightforward: long-term success depends on how savings convert into reliable income—and how well that income strategy holds up across market cycles.